The next edition of MarediModa will be held from November 9 to 11 at the Palais Des Festivals in France. The upcoming show will display amazing European textile and accessories collections as well as the high quality know-how of a selected group of private label manufacturers in Cannes.

In the foreground, two conferences by David Shah about trend 2023 followed by an exclusive guided tour led by the MarediModa head of trend board will be held. Visitors will be accompanied to discover the essential themes that will feature summer 2023.

The show plays an important role for the whole industry. It represents the driving force of an economic and cultural revival of the industry by contributing both to a return to normality and to plan a new future.

To be held from October 09-11, the ready-to-wear fabrics fair, Intertextile Apparel will feature four Asian country pavilions — Japan, Korea, Hong Kong and Taiwan.

The Japan Pavilion will consist of 36 companies, including two brand new exhibitors. They will showcase the best of original Japanese designs along with exclusively produced natural and polyester fibers. Key exhibitors in this pavilion will include Iris Co; Marusa Co Nikke Textile Co; Suzuki Bleach & Dyeing Co and, Uni Textile.

The Taiwan Pavilion will feature 15 exhibitors displaying the latest innovative textile and accessories. Highlighted products include world famous lace and embroidery pieces for wedding and high-end dresses, and functional fabrics with antibacterial and hygienic features.

The Hong Kong Trade Development Council (HKTDC) will organize the Hong Kong Pavilion that will showcase ladieswear, casualwear and functional wear from eight suppliers, with a variety of quality embroidery and high-grade knitted fabrics to be discovered. Organized by the Korea Trade-Investment Promotion Agency (KOTRA) and the Korea Fashion Textile Association (KFTA), the Korea Pavilion members will mainly focus on ladieswear, casual wear and functional wear. A variety of fancy and functional fabrics can be found among the 14 exhibitors’ collections, along with velvet, modal, metallic, tencel, nylon, rayon, cotton, jacquard, linen, wool, polyester, coated, printed and mixed woven fabrics. A highlighted exhibitor is Frog Co Ltd (stand number: 2.1-D66).

Being held on September 29 and 30 at Milano Convention Centre, the 56th edition of Filo has a new area exclusively dedicated to knitting.

The exhibition has an area particularly designed for turning the spotlights on knitwear sector and its specific creativity and it is being called ‘Un filo per la maglia’ (a yarn for knitwear). More space is given to fibres too with the world leading companies in the production of natural and synthetic man-made fibres: Asahi Kasei and Lenzing.

The 56th edition of Filo, the international exhibition of yarns and fibres exhibits yarns, fibres, and very high-quality materials, for the top-of-the-range industry, produced by companies whose keywords are sustainability, research and innovation.

Exhibtion hall for the 56th edition of Filo has a different layout, designed for giving even more visibility to products.There are two catalogues available for visitors: a general one and a “green” one, including companies participating in FiloFlow project. The Trend Area is also doubled: the classic one and the one dedicated to FiloFlow companies, at the centre of the Sustainability Area. Two exhibitions complete the program for the 56th edition of Filo. The first one consists in an installation by Cittadellarte-FondazionePistoletto in cooperation with a company from Biella: a suspended Third Paradise, coming to life thanks to visitors’ involvement.

The second one is Ricucireilfuturo – Omaggio a Chanel. This is an exhibition which has been totally created and developed by the students attending ITS TAM Biella, and it is at the same time a tribute to C

Hosiery machinery specialist Sandonini will showcase its latest offerings at the upcoming FIMAST show in Brescia, Italy.

As per a Knitting Industry report, the manufacturer will present its latest developments, including the 3D knitted shoe uppers, at the upcoming FIMAST exhibition for hosiery and knitting machinery, which will open its doors from October 19-22, 2021 at Brixia Forum in Brescia.

The company, which developed its innovative ShoeSocks3D concept, by using an innovative, high-tech hosiery machine, a few years ago, says its ShoeSocks machines help cut production costs by reducing time and waste. The 3D knitted shoe uppers are made in one piece and are ready to fit on a form and be attached on any type of sole.

Manufactured during a quick, three-minute, and waste-free production process, and available in any color or design, the flexible technology allows the creation of any type of knitting stitches, as well as fast change of style, model and size, according to the company.

Despite larger crop of 18.5 million bales, US cotton exports are expected to decline to 15.5 million bales in 2021-22 from the previous year. As per a report by the US department of agriculture (USDA), US cotton exports reached their highest levels in 15 years to 16.4 million bales in 2020-21. China emerged as the largest importer of US cotton for the first time in 6 years at more than 5 million bales. However, US exports to eight of its 10 largest markets declined from the previous year, says, the Foreign Agriculture Service (FAS) of the USDA in its September 2021 report on ‘Cotton: World Markets and Trade.’

US’ exports to China reached its highest levels in 8 years with demand led by China’s State Reserve. US cotton accounted for almost 90 per cent of State Reserve imports and nearly one-half of China’s total imports in 2020-21. Bangladesh, Vietnam, Pakistan, and Turkey, rounded up as the top five largest global importers of US Cotton in 2020-21. Higher yarn prices and rising global demand for cotton products spurred imports and cotton consumption.

Brazil and India helped supplant US exports in these respective markets; Brazil’s 2020-21 exports exceeded the previous year’s record by roughly 2 million bales, and India is projected to register its highest exports in 7 years. China is once again forecast as the world’s largest importer at 10.0 million bales, but its imports declined by over 2.8 million from the previous year.

The second ‘i of the World’ exhibition is being held at the InterContinental Hotel in New York from September 28-29, 2021. Organized by the Istanbul Textiles and Raw Materials Exporters Association (ITHIB), the exhibition offers Turkish textile manufacturers an opportunity to showcase their products. It is expected to attract a number of leading US apparel producers, designers and distributors. Last year, İTHİB organized the first ‘i of the World’ exhibition in New York, in cooperation with the Turkish Trade Ministry and the Turkish Exporters Assembly.

The event was extremely productive for Turkish textiles, says Ahmet Öksüz, President, ITHIB. Despite the pandemic, Turkish textiles exports to the US rose by 8 per cent in 2020 to reach an all-time high of $628 million. And during the first eight months of 2021, Turkish textiles exports to the US rose 51 per cent to reach $547 million – accounting for 2.7 per cent of the total US textiles market.

The ongoing exhibition will help Turkey sustain this increase and achieve its ambitious bilateral trade targets, says Öksüz. The Association plans to launch several more promotional activities and B2B projects in the US.

The recent notification by textile ministry says, only registered manufacturing companies can avail the benefits of the recently approved Rs 10,683-crore production-linked incentive (PLI) scheme for the textiles sector. For this, the participating companies will have to undertake processing and operation activities in their own factory premises, it adds. The notification further says the turnover achieved from trading and outsourced job work will not be accounted for while calculating claims for availing the incentive.

The goods manufactured by the company registered under the scheme shall only be eligible for the incentives, while goods manufactured by other manufacturers or units of the same group company shall not be accounted for in the calculation of incremental turnover. Incentives under the scheme will be available for five years during 2025-26 to 2029-30 on incremental turnover achieved during 2024-25 to 2028-29 with a budgetary outlay of Rs 10,683 crore.

The scheme proposes to incentivize MMF (man-made fiber) apparel, MMF fabrics and 10 segments of technical textiles products.

Further, the notification says, only one company of a group will be allowed to be registered for PLI for Textiles and none of their other group companies will be eligible for participation in this scheme as a second participant.

A European Union (EU) delegation in Sri Lanka aims to assess the possibility of withdrawing GSP + trade concessions granted to the island nation on allegations of human rights violations. As per an Economy Next report, the five-member EU delegation arrived in Sri Lanka to meet officials including President Gotabaya Rajapaksa and all key stakeholders to assess the progress of Sri Lanka’s pledges to comply with 27 international conventions in return for the Generalized Scheme of Preference Plus (GSP+) trade concession.

The European parliament had adopted a resolution to consider withdrawing the over $500 million worth trade concession in June. The European parliament’s key demand was for Sri Lanka to repeal the Prevention of Terrorism Act (PTA), arguing the legislation has been systematically used for arbitrary arrests and detention of Muslims and minority groups in Sri Lanka.

International rights groups have asked the EU to demand Sri Lanka to comply with its obligations to continue the trade concession. The EU is the second largest export destination for Sri Lankan products, and GSP+ has helped the country’s exporters to consolidate their position.

Around 7,000 Sri Lankan export items are covered under GSP+, of which around 60 per cent include apparel, 11 per cent include rubber products, 9 per cent are gems and jewellery, 3 per cent agriculture and around 17 per cent other products, including wood products, toys and tableware.

The onging economic crisis in Sri Lanka is likely to delay payments of South India’s’ textile and fabric exporters. The fall of Sri Lankan rupee by more than 10 per cent against the US dollar, has also raised concerns among Indian textile and fabric exporters.

Siddartha Rajgopal, Executive Director, Texprocil observes, export of cotton fabric to Sri Lanka which was witnessing an upward trend due to pent up demand has started slowing down from August, and the economic emergency has further disrupted trade, Rajagopal says, Sri Lanka is the second-largest market for Indian cotton textiles export after Bangladesh. Export of cotton fabric from India in the first seven months of 2021 increased 38.47 per cent to $179.29 million from the year-ago period, mainly due to pent up demand.

Praveen Khandelwal, General Secretary, Confederation of All India Traders (CAIT) adds, traders are facing payment problems due to the crisis. Around Rs 8,000 crore is stuck in Sri Lanka and there is no clarity when payments will become smooth,.

However, Raja Shanmugam, President, Tirupur Exporters Association believes, the crisis may prove to be a boon for exporters as buyers may look at India as a sourcing nation and place more orders.

Piyush Goyal, Minister of Commerce and Industry says, India will achieve the target of $1 trillion exports, each for goods and services, in the next few years. From April-September 21, 2021, India’s export exceeded $185 billion and is expected to reach $400 billion by the end of this fiscal.

The government has decided to extend the existing foreign trade policy for six months till March 31 2022. It had earlier extended the FTP 2015-20 until September 30 this year due to the COVID-19 crisis. The policy provides guidelines for enhancing exports to push economic growth and create jobs. Under FTP, the government provides incentives under different schemes such as Duty Free Import Authorization (DFIA) and Export Promotion Capital Goods (EPCG).

Goyal also launched 'Ease of Logistics’ portal to bring exporters and logistics service providers on a single platform. The portal offers a value proposition to all stakeholders. It enables exporters to post details of container requirements directly to service providers, adds A Sakthivel, President, FIEO.